Albanian rates up by 0.25%

Albania's central bank raised interest rates by 25 basis points to 5.75% on 28 June. The central bank's governor, Adrian Fullani, said the risk of inflation had grown stronger lately, prompting the central bank's board of directors to act.

An expanding foreign trade deficit and rapidly rising consumer credit had put pressure on the central bank to tighten monetary condition.

The economic indicators "prompted the bank to raise the interest rates and make the currency more expensive," Fullani sa